China market regulator approves Tencent plan to take Sogou private

Reuters2021-07-13

(Reuters) - China's antitrust regulator unconditionally approved on Tuesday Tencent Holdings Ltd's plan to take the country's no.3 search engine Sogou Inc private in a $3.5 billion deal.

Reuters had reported the pending approval in April by State Administration of Market Regulation (SAMR).

The deal, announced in September, was for Tencent to buy the 60% of U.S.-listed Sogou that it didn't already own, making it the latest Chinese company to exit U.S. markets amid tensions between the world's two largest economies.

(Reporting by Pei Li in Hong Kong; Editing by Muralikumar Anantharaman)

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精彩评论

SandDust
2021-07-13
SandDust
Anyone still using Sugou?
YTRT
2021-07-13
YTRT
Good.
Dave Fu
2021-07-13
Dave Fu
Good
2theMOON
2021-07-13
2theMOON
Apple stock[美金]
ccwee
2021-07-13
ccwee
latest
AdrianT
2021-07-13
AdrianT
Tencent 🚀
- gupzbajaj:
  they are buying everything!
- matthew_more:
  oic
- ccwee:
  liked

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